Since we’ve been on the topic of credit scores lately, we thought it would only be fitting to let you know how to improve your credit score to get that mortgage and the home of your dreams! Although there are a few options out there for getting a mortgage with less than stellar credit (see our previous post here) your best bet in the long run is to improve your credit score before applying for a loan. Here are a few tips for anyone who wants to improve their credit, whether you’re deep in the 400’s or trying to take your score from a “Good” to an “Excellent”, here are 5 things anyone can do to boost their chances of landing that loan.
Did you know it’s still possible to be eligible for a home loan with a low credit score? Many people assume that because their score is below 700, they won’t even be considered for a mortgage and therefore give up before even trying. The truth is, there are quite a few options out there to get you into your new home with a credit score as low as 580. Here are a few of the best options we found but remember – repairing your credit score, paying back debts and waiting to buy a home is always your best bet!